Has the idea of rewarding or punishing a company for their environmental, social, and governance impact gone away? Or is a rebrand the more likely outcome?
There’s no way ESGs are going away regardless of the lie Fink tells. You can see the effect already whenever a company uses the terms, “sustainable” “renewable” “responsible” “diversity” etc. They’re winning points to achieve favorable interest on loans and and favorable treatment from government regulations. There isn’t a CEO that doesn’t feel the pressure to follow these new world edicts. Basically it’s the Chinese social credit system adapted to our way of life. They know individuals would push back, so they forced it on employers so it trickles down to the rest of us under a veil of virtue.
Thanks. Also, “Go Woke Go Broke” is a feel good fallacy. No matter how much profit they lose Budweiser, Hollywood, Disney, Pfizer, et al, aren’t going anywhere. In this new era of doing business the customer is not always right. The customer is irrelevant. Reportedly nobody is buying EVs but if you think that means electrification is going away. Think again. The NWO train keeps a rollin powered by $9T Blackrock and other powerful financiers. We the people relegated to the cattle cars. Remarkably however absolutely none of my master degreed, highly compensated friends even knew what an ESG was until I told them. And, it didn’t make much impact. Citizens are either distracted by pop culture nonsense or too busy toiling in siloes to notice or care their world is being hijacked. SMH.
There’s no way ESGs are going away regardless of the lie Fink tells. You can see the effect already whenever a company uses the terms, “sustainable” “renewable” “responsible” “diversity” etc. They’re winning points to achieve favorable interest on loans and and favorable treatment from government regulations. There isn’t a CEO that doesn’t feel the pressure to follow these new world edicts. Basically it’s the Chinese social credit system adapted to our way of life. They know individuals would push back, so they forced it on employers so it trickles down to the rest of us under a veil of virtue.
Spot on. You nailed it.
Thanks. Also, “Go Woke Go Broke” is a feel good fallacy. No matter how much profit they lose Budweiser, Hollywood, Disney, Pfizer, et al, aren’t going anywhere. In this new era of doing business the customer is not always right. The customer is irrelevant. Reportedly nobody is buying EVs but if you think that means electrification is going away. Think again. The NWO train keeps a rollin powered by $9T Blackrock and other powerful financiers. We the people relegated to the cattle cars. Remarkably however absolutely none of my master degreed, highly compensated friends even knew what an ESG was until I told them. And, it didn’t make much impact. Citizens are either distracted by pop culture nonsense or too busy toiling in siloes to notice or care their world is being hijacked. SMH.